Global ferrous scrap prices edged up (apart from in Turkey) in the week to Friday February 28, mainly due to a rise in freight rates, with many market participants reporting weak trading activity.
Turkish import scrap prices dip as bookings slowUS export scrap prices remain largely stableFreight costs continue to push up prices in Taiwan and VietnamIndian import prices steady on lackluster salesTurkey
Prices for scrap imported into Turkey moved down over the week, with just one cargo booked.
On Monday, a steel mill in northern Turkey booked a Baltic Sea cargo comprising 16,000 tonnes of HMS 1&2 (80:20), 12,500 tonnes of shredded, 2,500 tonnes of bonus and 1,000 tonnes of busheling at an average price of $283 per tonne cfr.
The
daily index for steel scrap HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey ended the week at $271.34 per tonne, down from $276.27 per tonne one week previous.
The daily index for steel scrap HMS 1&2 (80:20), US origin, cfr Turkey was $279.11 per...